I'm not quite clear on the effects of the pension scheme closure but it seems positive from the announcement. I would have thought the deal to close the scheme would have been price sensitive in itself.
Certainly the growth, and reduced operating expenses is looking very solid despite the uncertainty in the UK.
The reduced costs should help with the 'modest' inaugural dividend...
I hold cybg.lse which is already up 7% today so the Aussie can expect that tomorrow I guess.
CYB Price at posting:
$4.41 Sentiment: Buy Disclosure: Held
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